BLT Views?

[emmiesmom]

As DH and I consider how many points we want to buy at BLT cool1: ) we were wondering if there was a chart or something breaking down how many of which room type had what view. We're worried about not buying enough points in case a certain view isn't available and we end up having to borrow points every year. Thanks in advance for any help on this.

 

[ILIKEWDW]

As I have seen the BLT points chart specifies the required amount of points for each type of room and each kind of view: the better, the hightest (amount of points)....

So, I suppose that if you have the right amount of points to reserve determinated size and view, and you do it in advance, you would not have problem with availability.

 

[magicmommy]

I think that approx. 10% MK view 10% Standard and 80% Lake view.

 

[Mtnman44]

Hold on to your jaw when you read the MK view point requirements!

 

[Tara]

I was told:

10% Standard view
20% Magic Kingdom view
70% Lake view

 

[emmiesmom]

Thanks for the responses! It helped us figure out that the biggest quantity is going to be lake view and we could plan from there!
So after your responses.....yes we called and purchased BLT!!!

 

[RobDoc]

Here is a link to the BLT Point Chart and here is a link to a BLT Factoid Summary.

Enjoy!

 

[emmiesmom]

Thank you WebmasterDoc! DH and I will be referencing that frequently!

 

[farscape]

Per the BLT Factoid referenced above in WebmasterDoc's post, states the $3.67 BLT maintenance fee (includes Developer Subsidy).

Is the Developer Subsidy permanent?

If not, what are the terms of the Developer Subsidy?

The extraordinarily low maintenance fees for BLT was a major reason I was considering purchasing BLT.

Will future annual increases (usually 3 - 5%) be based upon the Developer Subsidized $3.67 base or the full up (Non-subsidized) maintenance fee?

TIA

 

[tjkraz]

Per the BLT Factoid referenced above in WebmasterDoc's post, states the $3.67 BLT maintenance fee (includes Developer Subsidy).

Is the Developer Subsidy permanent?

If not, what are the terms of the Developer Subsidy?

The extraordinarily low maintenance fees for BLT was a major reason I was considering purchasing BLT.

Will future annual increases (usually 3 - 5%) be based upon the Developer Subsidized $3.67 base or the full up (Non-subsidized) maintenance fee?

TIA

In theory, the subsidy should be removed once the resort is fully sold and the dues will be about the same. It will take at least months--perhaps years to sell all of the points at the resort. The purpose of the subsidy is to keep the early owners from paying the full price of amenities designed for a much larger population.

For example, if the resort is projected to be 50% sold in 2009, DVC cannot require those owners to pay the full operating costs for things like pool operations, park buses or even front desk staff. DVC (DVD really) must carry some of the burden to compensate for the unsold points.

Once the resort is fully sold, the subsidy will no longer be necessary as owners are funding all of the resort's operating budget.

The "low" maintenance fees are largely driven by the higher point charts at BLT. Since all rooms cost more points per night compared to other locations, each point carries a smaller portion of the resort's operating costs.

 

[RobDoc]

In addition to Tim's comments about the subsidy - I believe that the subsidy for 2009 is $0.05 per point. As Tim explained, the subsidy is to equalize the costs of running the resort while sales are ongoing. It would not be fair for a few owners to pay for all resort expenses, so the developer has agreed to pay a portion of the operatng expenses.

This has happened at each DVC resort in the past and, in fact, the early buyers at VB still have a significant subsidy provided while more recent buyers pay a much higher maintenance fee. (This is due to the original plans for the resort which included phases never completed.)

As noted, the lower dues structure is also complimented by the higher point cost to stay at the resort. Non-BLT owners will pay a much higher "cost" (in maintenance fees) to use their points at BLT even though the points required are the same.

 

[farscape]

I appreciate the in depth explanations.

So if the Developer Subsidy is approximately $.05 for 2009 then the maintenance fees for future years would still be at an exceptionally low rate of $3.67 + $.05 = $3.72 (not adjusted for future standard rate increases)

That is still $1.32 less than what I am currently paying for BWV.

I was concerned that the subsidy amount would be closer to $.75 - $1.00.

Thanks.

 

[spiceycat]

the rate of increase is generally between 3% to 10% each year.

not sure where your .05 is coming from

so 2010 could be anywhere from $3.78 to $4.10

i always though the sub was based on the units not sold yet.

 

[kenny]

we were told monday when we did an add-on that the fee's were less because the footprint was smaller than the other resorts. They built up instead of out and hence the tax was lower.

Not sure if that is true or not.

 

[tjkraz]

I appreciate the in depth explanations.

So if the Developer Subsidy is approximately $.05 for 2009 then the maintenance fees for future years would still be at an exceptionally low rate of $3.67 + $.05 = $3.72 (not adjusted for future standard rate increases)

That is still $1.32 less than what I am currently paying for BWV.

But remember that each night costs more at BLT than at BWV.

Both resorts have a Standard View category, so that's the best apples-to-apples. Booking 5 nights in a Two Bedroom, Standard View, Adventure season at BLT is 160 points. With dues of $3.67 you will pay $587 out of pocket (dues alone) for that stay.

Booking a 2B, Standard View, 5 nights Adventure at BWV is only 120 points. With dues of $5.04, the cost is $604 per point.

Not much difference.

Now if you hope to stay at BLT, using BLT points for that stay is a lot more economical than points from another resort. Using 160 of your BWV points at $5.04 each is certainly costly. At the same time, using BLT points to stay elsewhere will be very economical. But BWV room categories like Standard View or BoardWalk view will not be consistently available at 7 months.

And that's not even taking into consideration the up-front dollars you will pay by selling BWV points and buying BLT. Assuming you use a broker you'll probably net around $70 per point for BWV (maybe a little more, maybe a little less) and BLT will cost $107 per point.

Financially there are pros and cons to each approach. Selling one and buying the other may be just the right thing to do if it fits your anticipated vacation habits. But don't let the low dues blind you to the other ways you could be impacted.